Grayscale Ethereum Trust ETF (NYSEARCA:ETHE) Shares Gap Up – Still a Buy?

Grayscale Ethereum Trust ETF (NYSEARCA:ETHEGet Free Report) shares gapped up prior to trading on Wednesday . The stock had previously closed at $15.15, but opened at $16.09. Grayscale Ethereum Trust ETF shares last traded at $16.34, with a volume of 1,261,859 shares traded.

Grayscale Ethereum Trust ETF Stock Performance

The stock has a 50-day moving average price of $21.97 and a two-hundred day moving average price of $28.42. The stock has a market capitalization of $4.56 billion, a PE ratio of 2.06 and a beta of 4.48.

About Grayscale Ethereum Trust ETF

(Get Free Report)

Grayscale Ethereum Staking ETF (ETHE) is an exchange-traded fund designed to provide exposure to Ether (ETH), with shares intended to reflect the value of the fund’s ETH holdings, minus fees and expenses. The fund may stake a portion of its Ether to seek additional returns through staking rewards, which can enhance total return but may also introduce additional risks and variability. ETHE is a commodity-based product and is not registered under the Investment Company Act of 1940.

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